Foreign assets disclosure scheme excludes proceeds of crime and assets already subject to completed black money assessments. Clause 124 excludes from the Foreign Assets of Small Taxpayers Disclosure Scheme any income or asset that represents proceeds of crime subject to proceedings under the Prevention of Money laundering Act, and any income or asset relating to an assessment year for which assessment proceedings have been completed under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act; the Chapter otherwise prescribes eligibility, declaration procedure, payment obligations, non inclusion of declared amounts in total income, non refund rules, immunity conditions, and administrative powers to implement the Scheme.